Author: PROGRESS In Lending

In The NewsPartnership

SettlementOne Partners With Secure Insight To Bring Wire Fraud Protection To Lenders

SettlementOne, a provider of credit reporting, data, and verification solutions, and Secure Insight, a closing table vendor management and wire fraud solution provider, announced a strategic partnership offering instant verification of settlement agent risk assessment together with verified wire instructions. Under the terms of the deal, Secure Insight’s Closing Guard solution will become a new product offering within SettlementOne’s software platform for mortgage lenders.

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Application PaymentsIn The News

Mortgage Application Payments Decreased In June

Homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,191 from $2,198 in May. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

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In The NewsIntegration

Halcyon Integrates TrueCalc With Fannie Mae’s Income Calculator To Automate Income Calculations

Halcyon, a financial services company specializing in advanced income verification and calculation technology, announced a new integration between its TrueCalc solution and Fannie Mae’s Income Calculator. TrueCalc automates income calculations from borrower-provided tax returns and submits the resulting data directly into Fannie Mae’s Income Calculator. Self-employment and rental income calculations produced by Income Calculator are eligible for representation and warranty relief, giving lenders an underwriting-ready income amount.

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